As it can be observed from the graphical illustration, the price has nicely broken above the zone of the previous Lower High and re-tested it. The current bullish pressure and candlestick development gives us enough confidence that the price will keep rising.
Thus, we are entering long positions and aiming for the two target plotted on the graph.
Thus, we are entering long positions and aiming for the two target plotted on the graph.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.